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Joint stock companies

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Q: The economic institution proposed in this petition for founding colonial settlements was rejected in favor of which alternative?
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Why was it so important for the colonial powers to claim the waterways?

The waterways connected settlements, distributed goods and people throughout the area. Because of this, control over a significant waterway increased the colonial power's economic and military strength .


What is the most significant institution in the economic structure?

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An economic institution is the set of norms relating to production and distribution of goods and services


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social institution includes religion,family,politics, and economic.


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